Since the fall of 2023 we have been fortunate to witness a slow and steady decline of the post Covid highs. This downward trajectory came to a sudden halt with the start of the war with Iran. We have seen upward pressure on Bond rates, which has directly resulted in several increases in both 3 […]
The Bank of Canada held their latest rate meeting March 18th and as widely expected decided to hold the overnight rate steady at 2.25%. Although there was virtually no chance of a rate hike, many people holding variable mortgages and lines of credit were rooting for a cut. Some factors that would likely have been […]
The federal government recently released its long-awaited Budget for 2025. We went through to see how it could affect both homeowners and potential homeowners alike. The following is a list of programs geared to homeowners, either existing or new, and how they could affect you. Federal Loans for Secondary Housing Units The loan program to […]
If you currently own a home and are considering selling and moving to a new home, then you should pay attention. In a perfect world you would pay “cash” for everything. Buy a house, pay cash. Buy another house, sell the first house then use the “cash” to buy a new house. Well, as you […]
As I’m sure that you are aware the Liberals were voted in once again. With a less than stellar track record over the past decade one can only hope that a change in leader will lead to some actual change in policy that will help homeowners and prospective homeowners out, from an affordability stance. At […]
The Bank of Canada paused its streak of rate cuts in April, following seven consecutive rate cuts over the past year, holding the overnight rate at 2.75% It seems a lot of people have been overly optimistic that a further rate cut was in the cards for this April however, with market uncertainty here along […]
Here is a question I’ve been hearing a lot recently: “Is now the time to lock in my variable rate mortgage?” Well, there are a lot of variables to be considered when trying to answer this question and at the end of the day there is no one size fits all answer, however I will […]
On March 12th, the Bank of Canada lowered the overnight rate again, cutting its policy rate by another .25%, to 2.75%. If you have a variable-rate mortgage or a secured or unsecured line of credit, you should see a decrease in your effective interest rate shortly. How does this affect you? The majority of lenders […]
More than ever homeowners are researching mortgage options more actively and reach out to me for additional information and advice on a daily basis. With interest rates outside of client’s comfort levels combined with non-stop talk from friends, family, colleagues, on top of social media and the “news”, it is no wonder many are finding themselves […]
Donald Trump is on his way in, Justin Trudeau is on his way out. Inflation is Canada is currently below the target of 2%, while inflation in the U.S has been a more stubborn target. The American economy has been strong and all indicators appear that it will strengthen over the course of 2025. This […]